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Featured local agent — Pequot Lakes, MN
Sarah Mitchell
Compass Real Estate · Pequot Lakes, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Pequot Lakes, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$367,400median sale price
How is the Pequot Lakes, MN housing market right now?
The median home sale price in Pequot Lakes, MN is $367,400, down 5.8% year-over-year. Homes sell in an average of 50 days with 27 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Pequot Lakes a buyer's or seller's market?
Pequot Lakes, MN is currently a balanced market, based on 3.9 months of supply and homes selling in about 50 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
50
Average pace
Active listings
27
3.9 months supply
Sale-to-list
98.1%
Below asking
What does the Pequot Lakes housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $367,400 |
| Median list price | $404,900 |
| Year-over-year price change | -5.8% |
| Average days on market | 50 days |
| Active inventory | 27 listings |
| Months of supply | 3.9 months |
| Sale-to-list price ratio | 98.1% |
| Median price per sq ft | $213/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 16 |
| Listings with a price cut | 25.9% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Pequot Lakes by property type?
How the Pequot Lakes, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $367,400 | $213/sq ft | 5 | 50 days |
| Condo / Co-op | $199,000 | $395/sq ft | 1 | 50 days |
| Townhouse | $595,000 | $313/sq ft | 1 | 33 days |
Source: Redfin · Updated monthly
The Pequot Lakes housing market is currently classified as a balanced market with a median sale price of $367,400. Prices have fallen 5.8% compared to last year, with homes spending an average of 50 days on market, indicating 3.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.3x provides context for how home values compare to local earning capacity.
Homes for sale in Pequot Lakes
There are currently 27 homes listed for sale in Pequot Lakes, Minnesota. The median listing price is $405K.
Active listings
27
Homes on market
Median list price
$405K
Avg. days on market
50
Days until sale
New this week
16
Newly listed
Who lives in Pequot Lakes?
Population
2,236
Median income
$66,974/yr
Median age
43 years
Owner-occupied
66.8%
College grads
32.6%
Avg commute
22.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Pequot Lakes?
Zillow home value
$355,725
Price-to-income
5.3x
Source: Zillow Research
What is it like to live in Pequot Lakes?
Pequot Lakes is a community of approximately 2K residents with a median age of 43 years.The median household income is $66,974, which represents a working-class community with solid middle-income opportunities. 32.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 66.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 22.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Pequot Lakes offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Pequot Lakes?
2 schools tracked · 1,219 students
The largest public schools serving Pequot Lakes, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
PEQUOT LAKES SENIOR HIGH
Grades 9-12 · 639 students
PEQUOT LAKES MIDDLE
Grades 5-8 · 580 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Pequot Lakes, MN?
Want a head-to-head view? Compare Pequot Lakes side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Pequot Lakes?
The median home sale price in Pequot Lakes is $367,400, down 5.8% from last year.
How long do homes stay on market in Pequot Lakes?
Homes typically spend 50 days on market before going under contract.
What is the median income in Pequot Lakes?
The median household income is $66,974 per year.
Is Pequot Lakes a buyer's or seller's market?
With 3.9 months of supply, Pequot Lakes is currently a balanced market.
What is the Zillow home value estimate for Pequot Lakes?
The Zillow Home Value Index (ZHVI) for Pequot Lakes is $355,725, representing the typical home value in the area.
What is the median condo price in Pequot Lakes?
The median condo/co-op sale price in Pequot Lakes, MN is $199,000, compared to $367,400 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Pequot Lakes?
The median single-family home price in Pequot Lakes, MN is $367,400 (about $213 per square foot).
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